Finance News: Latest Financial News, Finance News today in Bangladesh

All external transaction accounts on a rebound

Bangladesh's economy is set on a rebound with all its external transaction accounts showing an upswing pivoted by a surge in remittance, robust export growth and reduced import payments, economists say.According to data released Thursday by the Bangladesh Bank, the country's current-account deficit narrowed significantly, in the first place. The...

Govt to facilitate, not formulate proclamation

The interim government will not formulate the July Proclamation but will facilitate creating consensus among political parties and stakeholders on the draft prepared by the anti-discrimination student body, an adviser says on their latest stance. In the latest disclosure, made Thursday, government focus also shifted to local elections while national...

Gas supply set to worsen for 72 hours from today

Natural gas supply would be severely affected for 72 hours from today (Friday) as an LNG regasification facility is set to go for a scheduled repair and maintenance work.US's Excelerate Energy will suspend operation of its floating, storage and re-gasification unit (FSRU) from this (Friday) noon to Monday noon, said...

DCCI warns of economic strain

The Dhaka Chamber of Commerce and Industry (DCCI) on Thursday expressed concern over the negative impact of the government's decision to raise VAT on 43 products and services.The cost of industrial production would rise if the proposed gas price hikes are approved, creating inflationary pressure, it said in a press...

Negative growth in Jan-Nov despite overall surge

Bangladesh's apparel exports to the United States marked a 0.44-percent negative growth during last January-November period despite a surge in apparel-export earnings since September. The garment-export earnings marked the highest 41-percent growth in November last. On the other hand, the country's one of the major competitors, India, recorded 4.49-percent and...

Midyear ordinance amends VAT law

A plethora of products and services, including medicines, talk-time and the internet, get costlier following a midyear amendment to the VAT law. The amended Value-Added Tax (VAT) law brings a total of 43 products and services under a higher-tax regime.An ordinance was issued Thursday to increase VAT rates.This adjustment, occurring...